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California Resources Corp — Director's Dealing 2015
Jul 14, 2015
31099_dirs_2015-07-14_01d7a775-d543-4f06-bee8-e2e13a4d6289.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2015-07-08
Reporting Person: Barnes Robert A. (EVP - N. Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-08 | Common Stock, $0.01 par value | M | 1587 | — | Acquired | 3646 | Indirect |
| 2015-07-08 | Common Stock, $0.01 par value | D | 793 | $5.19 | Disposed | 2853 | Indirect |
| 2015-07-08 | Common Stock, $0.01 par value | F | 292 | $5.19 | Disposed | 2561 | Indirect |
| 2015-07-09 | Common Stock, $0.01 par value | M | 1587 | — | Acquired | 4148 | Indirect |
| 2015-07-09 | Common Stock, $0.01 par value | D | 793 | $5.28 | Disposed | 3355 | Indirect |
| 2015-07-09 | Common Stock, $0.01 par value | F | 292 | $5.28 | Disposed | 3063 | Indirect |
| 2015-07-10 | Common Stock | M | 10033 | — | Acquired | 31602 | Direct |
| 2015-07-10 | Common Stock | D | 5016 | $5.26 | Disposed | 26586 | Direct |
| 2015-07-10 | Common Stock | F | 1886 | $5.26 | Disposed | 24700 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-07-08 | Long-Term Incentive Award (Right to Buy) | $0.0 | M | 1587 | Disposed | 2015-07-08 | Common Stock (1587.0) | Indirect |
| 2015-07-09 | Long-Term Incentive Award (Right to Buy) | $0.0 | M | 1587 | Disposed | 2015-07-09 | Common Stock (1587.0) | Indirect |
| 2015-07-10 | Long-Term Incentive Award (Right to Buy) | $0.0 | M | 10033 | Disposed | 2015-07-10 | Common Stock (10033.0) | Direct |
Footnotes
F1: Reflects the vesting of one-half of 3,175 long-term incentive units granted July 10, 2013, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was the equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash. Includes 1,530 shares acquired under CRC's employee stock purchase plan on March 31, 2015 and June 30, 2015.
F2: Reflects the vesting of one-third of 4,762 long-term incentive units granted July 9, 2014, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash.
F3: Reflects the vesting of 10,033 long-term incentive units granted on July 11, 2012, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash. Includes 2,276 shares acquired under CRC's employee stock purchase plan on March 31, 2015 and June 30, 2015.